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China Resources buys 9 land parcels for 5.52B yuan in September

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China Resources buys 9 land parcels for 5.52B yuan in September

China Resources Land Ltd. acquired nine Chinese land parcels in September, covering approximately 2,704,647 square meters of total gross floor area.

The company agreed to pay an attributable land premium of roughly 5.52 billion yuan to purchase varied interests in the assets that range from 25% to 100%, according to a release.

The properties comprise the Wudong Lake New District Commercial and Residential Project in Ezhou; the Daoli District Qunli No.6 Road 05 Commercial and Residential Project and the Xiangfang District Tongxiang Road Ziyun Mansion North Commercial and Residential Project in Harbin; the Xindu District Banzhuyuan Town Residential Project in Chengdu; the Wanbailin District Changfeng West Road Project in Taiyuan; the Zengcheng District Licheng Road Sanlian Village Residential Project in Guangzhou; the Haicang District 2018HP02 Project in Xiamen; and the Nanguan District South Lake Middle Road West Residential Project and Nanguan District South Lake Middle Road East Commercial Project in Changchun.

As of Oct. 16, US$1 was equivalent to 6.91 yuan.